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Opinion Insights From Industry Experts

Rochelle Nguyen CommoPlast Asian Sdn Bhd

[FREE] Morning Briefing - 17 September 2024

The Asian ethylene market declined for the third straight week, ending 13 September, amid continued weakness in downstream demand. Trading activity remained sparse due to a wide gap between selling and buying price expectations. Despite recent drops in naphtha costs, sellers resisted significant price cuts, citing volatility in the upstream market.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 13 September 2024

Despite downward pressure from holiday-induced slowdowns in the local HDPE and LLDPE film markets, China's LDPE film sector continued its upward trajectory for the sixth consecutive week.

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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 12 September 2024

Despite the recovery in crude oil prices, trading sentiment in the Chinese PP and PE market remained subdued. Buyers appeared to have completed pre-holiday replenishment activities ahead of the Mid-Autumn Festival on 16-17 September and are now gauging the demand potential leading to the National Day holiday.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 06 September 2024

The Vietnamese homo-PP market demonstrated unexpected strength following the long weekend holiday. Despite the ongoing decline in global crude oil prices, spot homo-PP offers in the local market remained stable to firm, supported by an uptick in inquiries.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 05 September 2024

In China, renewed concerns over LDPE supply have prompted buyers to return to the market for additional replenishments. Market participants are increasingly worried about a potential squeeze in spot availability next month, as domestic production disruptions coincide with reduced import arrivals.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 04 September 2024

An aggressive attempt to sharply increase PP and PE prices late last week has backfired for a major Indonesian trading house, as rising market resistance forced the supplier to scale back its price hike targets, highlighting the market's limited capacity to absorb substantial increases at this time.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 03 September 2024

The Chinese PP and PE markets began the week under pressure, grappling with a convergence of bearish influences, including a sharp drop in crude oil futures, a weakening Dalian Commodity Exchange, and a significantly larger-than-anticipated rise in local inventories.
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Rochelle Nguyen CommoPlast Asia Sdn Bhd

[FREE] Morning Briefing - 02 September 2024

The price hikes were met with resistance from Indonesian buyers. However, the trader justified the price increase, citing a rebound in demand in China and uncertainties surrounding the restart schedule of Chandra Asri Petrochemical’s plants. Market observers questioned the rationale behind such a move, given the ongoing weak end-product demand.
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